Real Estate Income (NYSE:O) up 0.1%.

Realty Income Co. (NYSE:O – Get Free Report) rose 0.1% on Friday. The company was trading at $53.45 and last traded at $53.25. About 786,734 shares changed hands during trading, down 88% from average daily volume of 6,386,301 shares. Shares previously closed at $53.22.

Changes in analyst ratings

O has been the subject of many research reports. On Wednesday, KeyCorp initiated a story on Realty Income stock. They have set a “sector weight” rating for the stock. Mizuho increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. UBS Group lowered their target price on shares of Realty Income from $67.00 to $61.00 and issued a “buy” rating on the stock in a research note on Friday, May 31st. Scotiabank raised their price target on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16. Finally, Stifel Nicolaus lowered their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Nine analysts rated the company’s shares with a hold rating, and six of them issued a buy rating. According to MarketBeat, Realty Income currently has an average rating of “Hold” and an average price target of $61.35.

Check out our latest research report on real estate income

Increase in real estate income by 0.3%

The company has a market capitalization of $46.47 billion, a price-to-earnings ratio of 49.42, a price-to-earnings growth ratio of 4.66 and a beta of 0.94. The company has a debt to equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The company’s fifty day moving average is $53.50 and its 200 day moving average is $54.23.

Realty Income (NYSE:O – Get Free Report) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.87. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. Realty Income’s quarterly revenue increased 33.5% year-over-year. During the same quarter last year, the company earned $0.98 per share. Stock analysts predict that Realty Income Co. will see 4.18 earnings per share for the current year.

Property income increases the dividend

The company also recently disclosed a July 24 dividend, which will be paid on Monday, July 15. Shareholders who hit record highs on Monday, July 1 will receive a dividend of $0.263 per share. The dividend rights date is Monday, July 1. This means a dividend yield of 6%. This is a positive change from Realty Income’s previous July 24 dividend of $0.26. Realty Income’s dividend payout ratio is currently 291.67%.

Confidential activity

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction amount of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company’s stock valued at $339,317.11. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Company insiders own 0.10% of the company’s shares.

Institutional investors pay attention to real estate income

Several hedge funds and other institutional investors have recently made changes to their positions in O. SVB Wealth LLC grew its position in the Realty Income space by 53.8% in the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 2,677 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at approximately $379,000. Dynamic Advisor Solutions LLC grew its position in the Real Estate Revenue segment by 82.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock valued at $670,000 after purchasing an additional 5,231 shares in the last quarter. The Ohio Public Employees Retirement System increased its position in real estate income by 4.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after purchasing an additional 51,574 shares in the last quarter. Finally, LexAurum Advisors LLC bought a new stake in shares of Realty Income during the 4th quarter worth approximately $203,000. 70.81% of the shares are in the hands of institutional investors.

Profile of a company generating income from real estate

(Get the free report)

Realty Income, The Monthly Dividend Company, is an S&P 500 company and a member of the S&P 500 Dividend Aristocrats Index. We invest in people and places to deliver reliable monthly dividends that grow over time. The Company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by cash flow from over 15,450 properties (including properties acquired through the Spirit merger in January 2024), most of which are owned by long-term contracts net lease with commercial customers.